Are ANSYS, Inc.'s (NASDAQ:ANSS) Mixed Financials Driving The Negative Sentiment?
Are ANSYS, Inc.'s (NASDAQ:ANSS) Mixed Financials Driving The Negative Sentiment?
With its stock down 4.0% over the past three months, it is easy to disregard ANSYS (NASDAQ:ANSS). It is possible that the markets have ignored the company's differing financials and decided to lean-in to the negative sentiment. Fundamentals usually dictate market outcomes so it makes sense to study the company's financials. Particularly, we will be paying attention to ANSYS' ROE today.
ANSYS（NASDAQ：ANSS）過去三個月股價下跌了4.0％。市場可能忽略了公司的不同財務情況並決定傾向於負面情緒。通常基本面決定市場結果，因此研究公司的財務狀況是合理的。特別是，今天我們將關注ANSYS的ROE。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
淨資產收益率（ROE）是衡量公司增值和管理投資者資金有效性的測試。換句話說，它是一種盈利能力比率，用於衡量公司股東提供的資金回報率。
How Do You Calculate Return On Equity?
怎樣計算ROE?
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤（從持續經營中獲得）÷ 股東權益
So, based on the above formula, the ROE for ANSYS is:
因此，根據上述公式，ANSYS的ROE爲：
8.0% = US$435m ÷ US$5.4b (Based on the trailing twelve months to March 2024).
8.0％= US$435m ÷ US$5.4b（基於截至2024年3月的過去十二個月）。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.08 in profit.
“回報”是過去十二個月的利潤。這意味着對於每1美元的股東權益，公司創造了0.08美元的利潤。
Why Is ROE Important For Earnings Growth?
ROE對於盈利增長的重要性是什麼？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前爲止，我們已經了解到ROE衡量公司如何高效地生成利潤。現在我們需要評估公司以後的增長潛力，即公司重新投資或“保留”的利潤。其他條件相同的情況下，同時具有較高的股權回報率和較高的利潤保留的公司通常是相對於不具備相同特點的公司而言增長率更高的公司。
A Side By Side comparison of ANSYS' Earnings Growth And 8.0% ROE
ANSYS收益增長和8.0％ROE的並排比較
When you first look at it, ANSYS' ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 12%. As a result, ANSYS reported a very low income growth of 3.9% over the past five years.
當您首次查看時，ANSYS的ROE看起來並不那麼吸引人。然後我們將公司的ROE與更廣泛的行業相比較，失望地看到ROE低於12％的行業平均水平。因此，ANSYS在過去五年中報告了僅3.9％的淨收入增長。
As a next step, we compared ANSYS' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 15% in the same period.
作爲下一步，我們將ANSYS的淨收入增長與行業進行比較，失望地看到公司的增長低於同期15％的行業平均增長。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. What is ANSS worth today? The intrinsic value infographic in our free research report helps visualize whether ANSS is currently mispriced by the market.
盈利增長是考慮估價股票時重要的指標。投資者應該嘗試確定預期的盈利增長或下降（無論情況如何）是否已經定價。然後，這有助於他們判斷股票未來是會光明還是黯淡。ANSYS今天值多少錢？我們免費的研究報告中的內在價值信息圖表能夠幫助您了解ANSYS是否被市場當前錯誤定價。
Is ANSYS Making Efficient Use Of Its Profits?
ANSYS是否有效地利用其利潤？
ANSYS doesn't pay any regular dividends, which means that it is retaining all of its earnings. However, there's only been very little earnings growth to show for it. So there could be some other explanation in that regard. For instance, the company's business may be deteriorating.
ANSYS沒有支付任何常規股息，這意味着它保留了所有收益。但是，很少有收益增長可以展示。因此，可能存在其他說明。例如，公司的業務可能正在惡化。
Summary
總的來說，我們對偉明環保的表現非常滿意。具體而言，我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然，這導致公司的收益大幅增長。但是，最新的行業分析師預測表明，該公司的收益預計將加速增長。
On the whole, we feel that the performance shown by ANSYS can be open to many interpretations. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
總體而言，我們認爲ANSYS所展示的業績可以有很多解釋。雖然公司具有高利潤保留率，但其低迴報率可能正在阻礙其盈利增長。即便如此，最新的分析師預測顯示公司將繼續看到盈利擴張。要了解有關分析師預測的有關公司未來盈利增長預測的更多信息，請查看此免費報告。
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